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has a complicated relationship with. egyptian president mohammed morsi and israeli prime minister benjamin netanyahu. the president getting netanyahu to agree to the tentative cease-fire with the carrot of additional u.s. funding for iron dome and other missile defense progra programs. >> i have agreed we will fight weapons of terror. >> u.s. and israel knows they send the rockets to hamas through egypt, which is why the president is using more of a stick in the conversation with morsi. today, hillary clinton praising and pushing morsi, member of the muslim brothe brotherhood. >> this is a critical new moment. they are assuming the responsibility of the leadership that made the country corner stone of the regional stability and peace. >> israeli officials are blunter. pressuring morsi to finally stop the spread of the deadliest rockets that are raining down. >> responsibility there to step up to the plate and stop the smuggling. egypt has been constructive in the past. has had a constructive role. we hope egypt will continue to fulfill a constructive role now and in the future. >>
of president mohamed morsi has been cancelled. overnight anti-government protesters clashed with police in cairo's tahrir square. they plan to press ahead with the demonstration today, demanding that morsi relent on his seizure of near absolute authority. he said the edict was temporary and only granted him limited authority. holly williams is in cairo. do we have any indication of what the president there is going to do? is he going to back down? >> good morning. well, president mohamed morsi is clearly trying to persuade people that he doesn't want to be a dictator. he met with a group of senior egyptian judges and he told them that his new immunity of the courts would only apply to sovereign matters. the problem with that is we don't know exactly what it means and it certainly won't be enough to satisfy his opponents. in fact, one of those judges described it as a frail statement. for president morsi's critics, they are still extremely angry about the series of decrees that he issued on thursday that give him greatly expanded power. >> meanwhile, protests continue where you are in ta
grab by president morsi. >> thousands of people have converged on tahrir square today as part of a nationwide protest called by opponents of the president's. >> the spirit of the arab spring has returned to cairo. tens of thousands of egyptians have once again taken to tahrir square of the president's decree giving him sweeping new powers. he has been decried as a power- hungry activists and executioner of the egyptian revolution. >> the supreme leader of the muslim brotherhood is the true leader of egypt. >> this was the biggest protest organized by opponents of the muslim brotherhood since morsi took office. the muslim brotherhood cancel the protest in support of the president to stave off further clashes, but the debate between a secular and islamic egypt continues. >> the muslim brothers want islam as a country. that is their agenda. they are not hiding it. it is not as though they are doing it suddenly or secretly. this is their declared agenda. >> tensions are running high, and there are no signs demonstrators will head home soon. just five months after the president too
leader this morning and will meet with president morsi later today. >> the goal must be a durable outcome that advances the security and legitimate aspirations of israelis and palestinians alike. >> reporter: egyptian president mohamed morsi is seen as critical to any peace dale. his muslim brotherhood is close to hamas. a hamas spokesman is quoted in one report saying we hold absolutely no hope of hillary clinton helping to resolve this conflict. >> susan mcginnis in washington this morning. thank you so much. as we reported egypt is expected to play a key role in brokering a truce and trying to maintain it. clarissa ward reports from caro this morning. >> reporter: good morning. >> we were expecting some type of announcement last night regarding a cease-fire. what happened? >> reporter: that's the million dollar question. everyone here in egypt was expecting for president morsi to make an announcement last night. they schedule ad time 9:00 p.m. local. the english language newspaper here has the headline as israel and gaza agree on a cease-fire. that's the level of confidence here that p
but egyptian president mohamed morsi has deep connection with hamas and it suggests they must take responsibility if the cease-fire is broken. >>> u.s. president barack obama welcomed the truce. he told netanyahu the u.s. would use the opportunity to accept israel address its security needs, including the smuggling of weapons and explosives into gaza. obama also spoke with president morsi and thanked him for his leadership in the negotiations. they agreed on the importance of working toward a more durable solution to the situation in gaza. >>> greek leaders are wringing their hands as they wait to find out whether they'll get loans they need to cover their expenses. ai uchida joins us from the business team. the greeks seem to face one drama afr another, what now? >> all they can do at the moment is wait for the next act to begin. decisions keep getting postponed so the prime minister of greece strongly urged the early provision of additional bailout. the appeal was made after eurozone finance ministers failed again to reach a deal. finance ministers from the 17 eurozone countries
? added to listen to those protesters that once president morsi to resign. we have the latest on the situation. above first look at the winners and losers on the s&p 500. corning is having a great day. we will be right back. melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. nicole petallides is standing by. after nearly two years, finally, getting its hands on rail corp.. >> that's right. when i heard this on the radio this morning, it i said, again? this is the kind of thing that has been going on for 20 months. now it really has gone forward. conagra agrees to by ralcorp. this is for $5.9 billion. so nearly $5 billion deal. the deal together would create the second largest u.s. food package company with sales of about $18 billion. this is no small deal, folks. this is really a big one and with the purchase agreement here? we're talking about conagra agrees to by ralcorp for $90 a share. see where it is right now. 88.85. it had a significant move. it is not at the purchase price but up about 27%. ralcorp hit a new
of strength from the opposition that spent days blasting egypt he is new president, morsi. he upset just about everybody last week when he decided to give himself broad new powers that say his decisions don't need approval from any court. essentially he's above the law. really no different than a dictator. protests showed their across the country, some of them violent. street fighting this between demonstrators and police. president morsi tried to calm the criticism by promising to reserve his new powers for only the most important decisions. but that didn't appease the protesters. remember, just last week, the united states was publicly praising president morsi when he helped end the conflict between israel and gaza. the white house says president obama has not spoken to his egyptian counterpart since then and today the press secretary jay carney said basically the egyptians need to work this out themselves. there is no evidence that will happen any time soon. right now this enormously influential nation where people forced out of dictator last year again threatens to fall into chaos and inst
is in cairo tonight. >> attempts by egypt president morsi to expand his powers have galvanized the oppositio opposition. in to the largest street protest since those that helped overthrow the former president hosni mubarak two years ago. >> the protesters are a mix. young and old. secular and nationalists. joined for the moment by one emotion. anger. the egypt's first democratically elected president overstepped the bounds and trying to become exactly what they fought so hard to get rid of. a dictator. >> they are great control. appreciate the culture in their own image of muslim brothers. they are not hiding it. it's not that. they are doing it, secretly. >> mohammed morsi's attempt at compromise meeting with the chief judges in cairo, giving verbal assurances that the sweeping powers would only be temporary and limited to unspecified sovereign matters has done nothing to stem unrest. schools and many businesses were closed today due to demonstrations. planned march by muslim brotherhood in support of mohammed morsi was canceled to reduce the chance of conflict between the two sides. >> opp
unrest in egypt. new video protests against mohammed morsi's sweeping new powers. this left children hurt. >>> showdown between shoppers inside a northbound california mall. the video of the black friday brawl that has gone viral. >> the golden gate bridge, 746-foot tall. you wouldn't know it today as it is wrapped up in the morning fog. you are watching "mornings on 2". your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant . >>> good morning to you. fog out will. take it easy if you have an early morning drive. >>> this is new video out of egypt which shows growing enchantment with the new islamic leader. they fired tear gas for those who gathered in the center of cairo. some of the injured are children. demonstrators aves inning president morsi rescind his powers. there is going to and massive sit-in. supporters of the egyptian judiciary chanted outside. some judges and prose
for protester. you hear the chanting. demonstrators are not leaving the square until president morsi withdraws the sweeping powers he granted himself last week. ressa sayah joining us live from cairo. it was billed as the opposition's biggest show of force yet. demonstrators converging, various points throughout the city. what do they hope to accomplish? what is the message? >> reporter: the message is they want to either oust president morsi or have him reverse his controversial decrees announced last thursday. this is an incredible site here behind us the tahrir squire, billed as 1 million man demonstration. not sure if there are 1 million people here, but certainly at lot of people. i'll zoom into tahrir square. the crowd is loud, energized, excited. tens of thousands of people here representing different factions in egypt. representing women's rights groups, western-style liberals, secularists, moderates. all have banded together in a show of force, in a show of opposition, against mr. morsi. of course, all of these protests started last thursday when he announced these particular decrees.
, mohammad morsi. the urgency underscored by the carnage in benghazi. rockets are lobbying back and forth. israeli air attacks killing 27 more palestinians bringing the death toll to 137 just in the last week. >> now a spokesman for hamas sounded cautiously optimistic that a cease-fire could be at hand telling cnn we are close, we are on the edge. cnn has reporters blanketing the region to bring you the most comprehensive coverage of this crisis in gaza. fred pleitgen is in ashkelon, ben wedemans in gaza city. ben wedeman, good morning, set the scene for me. >> reporter: yes, brooke, it was a noisezy night and we saw intense bombardment just behind where i'm standing. that was proceeded by increasing sort of mounting reports that a cease-fire was about to be announced or a period of calm. but it appears that there were problems within the israeli government that prime minister benjamin netanyahu and his foreign minister lieberman didn't see eye to eye with the defense minister who was leaning towards accepting this draft proposal sent by hamas via the egyptian government. so once it was c
opposition rally against president morsi there. escalating violence is spreading across the city and much of egypt really for the last five days ever since the president's controversial decree granting himself nearance sew lieutenant power. that is a move many critics say is veiled attempt to turn egypt back into dictatorship. others say morsi is attempting to clean out the old guard and reaffirm a brand new move to a new government in egypt. something we're watching closely in the middle east. with pressure growing last night, morsi sat down last night with a five-hour meeting with the country's senior judges in an attempt he says to diffuse the situation but refused calls to withdraw the decree. >>> there is new push on capitol hill to stop the environmental protection agency from moving forward with a plan to impose stricter oil and gas regulations which opponents say will only cause more pain at the pump and drive a gal ghoul lon of regular -- gallon of regular gasoline higher than what you see on the screen. peter barnes is with us with more on this. this isn't just about gas prices.
article, "new york times," egypt tumult, a rift emerges in morsi's team. morsi, who is part of the muslim brotherhood, they say hey, you know what? we're not going to be involved in the process. we're just going to sit back here. we're going to read our koran. and we're just going to sit back. suddenly they decide we're going to be involved in the process, which is all right. and then we see this weekend, morsi is seizing power that he doesn't have. egypt's about to get really ugly again. >> you know, i think that you see the pushback in the streets. morsi's not going to be able to get away with everything that he wants to get away with. they've turned a corner. >> what's his justification for seizing all of this power illegally? >> hubris. the guy -- he had just helped broker a deal in gaza, and he felt that he had some running room with the americans because he, you know, had essentially done our bidding. >> he's got the president of the united states calling him, the american secretary of state. >> that kind of goes to your head. >> yeah. i'm a big guy. >> you know, you live half your
. protesters in egypt staged nationwide rallies today against egyptian president mohamed morsi and his muslim brotherhood. in cairo, more than 100,000 people filled tahrir square to condemn morsi's decree that makes his decisions immune to judicial review. earlier, there were clashes between protesters and police. the rallies were some of the largest since the overthrow of president hosni mubarak last year. in syria, government warplanes bombed towns in the north and east, in the face of new advances by rebel fighters. in one attack, the planes dropped barrels filled with explosives and gasoline just west of idlib city. reports of the dead ranged from five to 20. the regime is using intensive air raids to try to beat back rebel gains. forensic experts took samples from the remains of yasser arafat today, hoping to determine once and for all if the late palestinian leader was poisoned. arafat died in 2004. his body was briefly exhumed today in ramallah, on the west bank. we have a report from john ray of independent television news. >> reporter: eight years after they buried him they sealed ya
. we'll see what the rest of the industry has to say. but it's giving us a guide. mohamed morsi is to meet to halt violent protests. here's the latest from cairo. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise mo
. morsi of high jacking the revolution. >>> behind blue tarps the remains of arafatt were exhumed. samples were taken to try to determine if arafat was poisoned. three separate forensic teams will examine them. arafat died eight years ago. tests have shown traces of a lethal radio active substance. >>> in greece, the money is on the way to save the country from bankruptcy. european financial backers agreed to release $57 million in loans that greece needs to stabilize its economy. greece leaders applauded the deal saying a dark time has ended but the loans will not mean an end to austerity measures including larger taxes and smaller wages. >>> time magazine announced their candidates for person of the year. they named marissa mayer, undocumented immigrants, mohammed morsi, psy is also on the list. and the mars rover is another nominee. the winner will be announced on december 14th. >>> the project now under way to light up the bay bridge. >> plus -- >> the elevated breast cancer risk here in marin county turns out not to be so special. what researchers are discovered around the rest of the
of the world tonight, in egypt, tens of thousands are protests in tehrere square. some accuse mr. morsi of high jacking the revolution. >>> behind blue tarps the remains of arafatt were exhumed. samples were taken to try to determine if arafat was poisoned. three separate forensic teams will examine them. arafat died eight years ago. tests have shown traces of a lethal radio active substance. >>> in greece, the money is on the way to save the country from bankruptcy. european financial backers agreed to release $57 million in loans that greece needs to stabilize its economy. greece leaders applauded the deal saying a dark time has ended but the loans will not mean an end to austerity measures including larger taxes and smaller wages. >>> time magazine announced their candidates for person of the year. they named marissa mayer, undocumented immigrants, mohammed morsi, psy is also on the list. and the mars rover is another nominee. the winner will be announced on december 14th. >>> the project now under way to light up the bay bridge. >> plus -- >> the elevated breast cancer risk here in marin co
mohammed morsi announced far-reaching powers placing himself above any government law. that has sparked the violent clashes that he see here on the streets and dozens of protests but the country's justice minister now saying there is some sort of resolution on all of this imminent. steve harrigan joins us now streaming live from cairo with the latest. steve, do you think that we could see some kind of compromise today on this? >> reporter: martha, we are certainly hearing sound from the presidential teamsh to reace opposition in a push for a possible compromise. what we're likely to see in the next 90 minutes here is a meeting between egypt's president and some top judges here inside cairo. judges across the country have gone on strike. they say the president tried to put himself above the law. we could see some scaling back from a presidential team that has been surprised by the angry reaction to the move by president morsi, martha. martha: such a key moment for the future of egypt. what happens if they fail to reach any kind of compromise here? >> reporter: well for the past four days
-year-old activist, and to voice their opposition to president mohamed morsi and the muslim brotherhood. this ireport showing protesters as they carried the teenager's casket through tahrir square to a cemetery. morsi declared the court cannot overturn decisions he has made since coming into office in june. one opponent says it can only lead to a dictatorship. morsi insists that he is trying to protect egypt's fragile arab spring, revolution, not accumulate unchecked power. >>> and if you're traveling through the northeast today, well, you might be dealing with a little bit of snow. meteorologist alexandra steele is in for rob marciano today. what are we looking at, alexandra? >> hey, good morning to you guys. yeah, we are seeing snow, even in new york city. all the big cities, boston, new york, philadelphia, a little snow. not much in the way of accumulation, really along the big cities and the 95 corridor, but still you'll see it come down. kind of get new the christmas spirit. we do have winter weather advisories and we will see accumulati accumulations. want to show you where. here'
by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the president mohamed morsi to take control of the country and ram pole their agenda at the expense of secular forces like those that have gathered behind my. >> neil sheering still with us. investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transit
and will meet with egyptian president mohamed morsi later today. >> the goal must be a durable outcome that promotes regional stability and advance the security and legitimate aspirations of israelis and palestinians alike. >> reporter: egyptian president mohamed morsi is seen as critical to any peace deal. his muslim brotherhood is hamas' parent organization but egypt also has close ties to america and relies heavily on u.s. aid. susan mcginnis, cbs news, washington. >>> many journalists covering the conflict are caught in the middle. this is what cbs reporter charlie d'agata saw from his gaza city hotel early this morning. the israeli military launched dozens of air strikes. he tweeted that he and his colleagues are okay. >>> 5:09. the man who shot and killed two people at the richmond/san rafael bridge toll plaza laughed while receiving his death sentence in court yesterday. a contra costa county jury contributed for two days before determining that nathan burris should receive the death penalty. during the trial he frequently mocked the victims' families. >> i can never forgive him
. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this year, troubles out of the north sea, constantly having problems with production. once that come
to president mohamed morsi and the muslim brotherhood. and wondering if they replaced one dictator with another this morning. this ireport showing protesters as they carry the 16-year-old's casket through tahrir square yesterday. intense protests expected again today. morsi declaring egypt's courts cannot overturn decisions he's made since coming into office in june. or over the next six months. one opponent says that can only lead to a dictatorship. morsi has said he's trying to protect egypt's fragile arab spring revolution. he's not trying to accumulate unchecked power. >>> the body of former palestinian leader yasser arafat was exhumed this morning from a mausoleum in the west bank. a team of international scientists will analyze tissue samples in an attempt to determine if he was poisoned to death in 2004 with a radioactive substance. the actual cause of arafat's death was never actually determined. >>> the current head of the palestinian authority travels to the united nations this week for what he hopes will be a vote with a historic outcome. mahmoud abbas, will be present thursday as th
that we really have no discussion on. >> i think the egyptian president morsi, it's in his interests to make sure hamas complies by the broad agreement that's been released. and i think the israelis will certainly be eager for a prolonged period of time. at least get them to january 22 and well beyond that. i think there is skepticism also and in gaza, but the arab world has changed and there is a chance that there could be a prolonged period of peace or relative quiet down on the gaza front. >> how significant is it the cease fire has been negotiated with sort of the new authorities bunkering in egypt. p. >> it's incredibly important. mubarak with the last truce in 2009, but no relationship with hamas. morsi has a strong relationship with hamas. has mass hamas is a part of the muslim brotherhood world and the fact he's out there backing the truce gives it much more weight than the previous documents. i think the test for hamas will be whether it can rein in the smaller factions that have sprouted up in gaza that are more radical than itself. and it will be eager to prevent missiles
economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call it negotiating, no matter how you slice it, the republican position on taxes has changed. here is senator lindsey graham. >> when you're 16 trillion dollars in debt. the only pledge we should be be making to each other is to avoid the coming grief and republicans should put revenue on the table, we're far in debt and don't generate enough revenue, capping deductions will help revenue and raising tax rates will hurt job
of the region. that is a big thing for morsi. melissa: so we will send egypt money to hold this in place after they were the ones funneling missiles to gaza and into hamas. >> it reminds us of neighborhood politics and policies here and elsewhere. he is the one who encouraged hamas. allowing some of the missiles to go. a heavy exchange of fire and he comes and says i can't stop that fire against israel. melissa: thank you so much. it is supposed to be a time of year to give back and feel thankful, instead unions are targeting airports and retailers. just holiday shopping and travel kicks into high gear. who are they really hurting? lou dobbs ahead. right now the dow was up 48 points. greece international lenders failed to come to an agreement on how to reduce that nation's sovereign debt. the greek prime minister says a lack of a deal over technical reasons does not justify holding up the aid needed to avoid default. the national implement rate may be rising, this falling in many states. 37 states plus the district of colombia reported unemployment levels decline. south carolina, alaska among
today over the decree giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized by the degree cree of morsi that gave him sweeping powers, including those to legislate without judicial review. it's not just about the decree. they're disappointed with the pace of reform. they're disappointed with the new constitutional assembly writing a constitution. they say it's not pluralistic and does not represent all of egyptians, and more importantly they're angered by the police force in egypt still using the same brutal tactics they used under mubarak. there have been no reforms and no convictions of officers that killed protestors. they're coming out in large numbers behind me. that has galvanized them and even unifying them politically. president morsi and his muslim brotherhood enjoy
to the streets in egypt after president mohammad morsi granted himself new powers. opponents storm the party headquarters and set fire to his offices in several cities. the cia, nasdaq, looking to speed up the information since the traders using microwave links report by the wall street journal said a microwave networks under consideration will only send market data and not actual offers. and closing nearly half of the bank branches in greece two years after they decided to exit retail banking. 170 employees are expected to lose their jobs. pharmaceuticals recalling generic versions of lipitor after pieces of glass were found in the hills. and that is today's speed read. dave: an awful story. holiday box office season, much better story, already off to a great start with movies like twilight and -- said disagree on that one bringing in big bucks. can we expect hollywood to keep turning out big hits through the season? dave: we have to have a discussion about that. you didn't like it. i love that. joining us is chairman and ceo peter guber, our best friend in the movie business. thanks for be
, will a ceasefire become a peace? "it could," he said, "but first we need to give thanks to president morsi of egypt." across gaza, he's something of a new hero, and they're even impressed in israel. the egyptian president right now the best hope for peacekeeping here. >> egypt was able to regain it's regional role as a regional player, mediating between the israelis and the palestinians in convincing both of them to reach a ceasefire agreement. in the city, the flags, the rallies, talking up victory. in the countryside, the hamas song is, we're going to bomb tel aviv. but away from politics, what about people, lives disrupted by all this? yesterday we filmed awad and his mum sabbah taking shelter in a school in gaza city. frightened, disorientated, a severely disabled boy caught up in all this. today, diplomacy had delivered. sabbah was at home with the family in atatrah. >> it's good that we're okay. i'm very happy i can't believe it, i'm shivering. that face, sabbah said, means he's feeling happy and safe, and with an arm's round from brother mahmoud, and no sound of an explosion. >> sreenivasan:
time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and t
that the president morsi rescind -- announcing they're going to go on strike halting work until the decree is revoked. we're live in cairo with the later. high, ayman. >> hi, carl. the people are still demanding that the president morsi rescind his decree. also added to the list of growing demands, they want to see egypt's body that'sing tasked with writing a new constitution be mea reflect erv of egypt's diversity, and that it's not a that it doesn't reflect only the islamic party's perspecti perspective. there's some calls by the protesters to dissolved the current body and mike sure the new body is more diverse. other issues are lingers from the revolutionary days. president morsist says he has to takes the action action becausitis egypt's judiciary that's stalling the it's shaping out -- caught in the midding are supporters every both sides, the liberal and secular state say it's on the wrong side, but the president and supporters say he has the pourer, authority and justification to take these measures. >>> as we look at some of the pictures ayman, thank you. >>> we're being blown around by some
cut spending. >>> the muslim brotherhood taking over egypt. mohammed morsi is putting himself above any kind of review, basically making himself a dictator. joining us is from the american islamic forum for democracy. let's get straight to it, we pay egypt billions of dollars per year. it's been taken by the muslim brotherhood. they now have a dictator, should we keep paying? >> absolutely not, stuart. it is so important for us to not only stop paying them but the imf for example yesterday said they were going to pay 40 billion, so, you know, i think ultimately we need to have a strategy to engage their ideology. they're proving themselves over and over again to be dishonest and to be just another dictator. we are seeing people come to the street. you know, stuart, i know you asked that question before the break about whether democracy can hold. the people are coming back into the streets. there is hope, but won't be able to do it in a vacuum. we need to back the people in tahrir. the brotherhood did not win with a majority. they are proving themselves to be another dictator and rev
and will meet with israeli prime minister benjamin netanyahu and egyptian president mohammad morsi later on today, a continuing effort to end the violence after more than a week of quieting. here is the price of oil right now. i believe we're around $87 a barrel. 87.42, up 67 cents, that's where we are. we call this on "varney & company," we call it a renewed push for action due to climate change. now, the u.n. is joining in the dire warnings. coming up new at 10. find out exactly what the united nations plans to do about it. can anybody say carbon tax? yeah, you can. back to nicole, today, what have we got. best buy a loser? why? >> well, yesterday we talked about their numbers. they were a loser yesterday about their same-store sales for yet another quarter. nine of the last ten quarters have shown decline. today, well, let's see, one analyst downgraded best buy. how about deutche bank? yep, how about bernstein. >> yep, jeffers, you get the point. and while they're doing well with mobile phones, appliances, tablet computers and e-readers, no on notebooks, gaming products. they're missi
, one with president morsi and one with the foreign minister amir. she will give a press conference. we hear they're standing by for that press conference, which everyone here and in israel is intent on following. after yesterday's swirl of diplomacy, both sides, israel and hamas, seem to have gotten bogged down in the details. apparently, according to some egyptian sources, they haven't been able to bridge their differences. hence the arrival of hillary clinton. a major egyptian online weekly is reporting tuesday, yesterday, egyptian negotiators handed hamas a final proposal to the israelis in jerusalem. since then hamas and egyptians have basically been awaiting israel's final response. of course, it's in that context that hillary clinton now is here. and her presence here is so urgent. she has seen netanyahu twice more since last night. she saw mahmoud abbas, the president of palestine, of the plo, in ramallah. it's really unclear whether secretary clinton is carrying any specific proposals or is here basically to nudge both sides into some kind of compromise. in less than 15 second,
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